Agency Vacant Property.

SB 465 requires North Carolina's Department of Administration to maintain detailed inventories of all state-owned land and buildings, including location, condition, costs, and vacancy status. It mandates the department to develop a comprehensive five-year facilities plan identifying needed space, analyzing current property utilization, and recommending disposal or consolidation of underused properties. The bill also establishes space planning standards for state agencies based on federal benchmarks, requiring annual audits to ensure compliance with utilization metrics. This directly affects all state agencies that own or lease buildings, aiming to reduce costs by optimizing existing property use rather than acquiring new facilities. The law focuses on administrative procedures for managing state real estate, not new funding or services.